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Copper Volatility Alert Level 7
United States Of America – Bylt has issued a volatility alert on copper prices and supply chains in the wake of unstable mining operations related to worker strike, closures and or geo-political resistance or market manipulations. We will continue to track these issues. At the time of writing this alert copper was trading at $3.73 a pound. Copper was trading above $4.00 a pound this week and near $5.00 a pound this spring. Geo-political issues could result in large swings.
Ecuador and Chili have had multiple events over the past 2 weeks as well as closures in India and beyond. Mines in these area can be susceptible to foreign owner interference and price exaggeration.
Avoid cross border transactions during this period and if possible contract and source domestically from reputable firms.